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Honda Civic 2005

Honda Civic 2005. Gabriela Martinez 11/10/08. 2005 Honda Civic. Crash test rating: Good MPG: 25 city/34 hwy miles Affordable used car. Financing. Cost of the Vehicle (Purchase Price):   $10,350 Interest rate: 6.5% Loan term: 24 months

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Honda Civic 2005

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  1. Honda Civic 2005 Gabriela Martinez 11/10/08

  2. 2005 Honda Civic • Crash test rating: Good • MPG: 25 city/34 hwy miles • Affordable used car

  3. Financing Cost of the Vehicle (Purchase Price):   $10,350 Interest rate: 6.5% Loan term: 24 months Down payment (20%): $2,070 Monthly payments: $369 Total loan amount: $8280 Cost of loan (total interest):                         $576      • I will save $450 every month for about five months for the down payments.

  4. Cost Total monthly taxes & fees: $6.47 Total monthly maintenance: $34.47 Total monthly gas: $111 Total monthly insurance: $150 Total monthly car payments: $369 ______________________________________________ Total monthly cost: $670.94 Net income-personal expenses= extra (3,746)-(1,985)=$1,761

  5. Insurance(it will cost $150/month) • Liability insurance • Collision insurance • Comprehensive insurance • Medical payments insurance • Uninsured motorist • Rental & towing insurance

  6. Maintain • Oil change & lubrication = $14.67 (4 times a year) • Tire rotation = $6.25 (3 times per year) • Tune-up=$13.55 (every 30,000) • Car wash=$0 (every three months + I am doing it myself)

  7. Website resources • http://www.allstate.com • http://www.crashtest.com • http://www.fueleconomy.gov • http://www.kbb.com • http://www.banksite.com

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